Report Banks that Reject Old Notes, CBN Tells Kano Traders .... Insists no Extension on Jan 31 deadline The Central Bank of Nigeria (CBN) has warned commercial banks not to reject old Naira notes deposited with them before the January 31, 2023 deadline. The apex bank also...

Naira Redesign: CBN Records Higher Deposits, Pledges to Protect Unbanked Nigerians The Central Bank of Nigeria (CBN) has confirmed higher deposits in banks and promised to protect Nigerians in unbanked and underserved rural areas from incurring loses. The CBN Director, Corporate Communications, Mr Ostia Nwanisobi, in...

CBN $200b Policy Broadens Sources of Dollar Earnings   The Central Bank of Nigeria (CBN) has disclosed that its $200 billion non-oil export revenue target policy has introduced new commodities to the market and expanded the sources for dollar earnings. The Principal Manager, Trade and Exchange Department,...

CBN Launches e-Naira Code in Kano The Central Bank of Nigeria (CBN) has launched the *997# USSD code in Kano to reduce the use of cash in commercial activities. In the event which took place today, the Deputy Governor Operations of the CBN, Mr. Foladun Shinobi...